Bob CollinsTime to hit the wayback machine again.
“Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change ever will,” Valero Energy Corp Chief Executive Bill Klesse told an oil group last March in San Diego. “All of these programs are just a huge transfer of wealth from our industry to the Midwest farms.”
That was before Valero bought the VeraSun ethanol plants in Minnesota and other states in the Midwest. Today, the company announced it intends to run them at full throttle.
